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    178 Haverhill St Methuen, MA 01844

    Sponsored
    For Lease
    Contact for pricing

    Prime Essex County Shopping Center; High Traffic

    Lot size:
    180,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Merrimac Plaza, a vibrant shopping center in Essex County, offers exceptional retail space for lease. This 180,000 square foot center boasts a strong anchor tenant, Market Basket, driving significant foot traffic. With over 202,000 annual visitors and an impressive average of 9-10 visits per year, this location guarantees high visibility and consistent customer flow. The property is strategically located on Route 110 (Haverhill Street), just half a mile from I-93, ensuring easy access for both residents and commuters. Ample parking is available for shoppers' convenience. Currently, there are three available retail spaces ranging from 1,274 to 2,426 contiguous square feet, totaling 7,445 square feet of vacant space. The center features a total of four suites, providing a diverse mix of retail offerings to cater to the needs of the densely populated surrounding area. This is an exceptional opportunity to establish or expand your business in a thriving community shopping center with a proven track record of success. The property's prime location and high traffic volume make it an ideal investment for businesses seeking strong returns. Don't miss this chance to secure your space in Merrimac Plaza.

    Property Features for 178 Haverhill St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    180,000 SF

    Unit(s) available at that property

    Space
    Suite 003
    Size
    2,398 SF
    Space
    Suite 116
    Size
    1,347 SF
    Space
    Suite 119
    Size
    1,274 SF

    HighLights

    • Retail shopping center totaling 180,000 square feet.
    • Multiple tenancy with four suites.
    • 7,445 square feet of vacant space available, divisible into units ranging from 1,274 to 2,426 square feet.
    • Located in Essex County, MA, with high visibility on Route 110, half a mile from I‑93.
    • Anchored by Market Basket and boasts over 200,000 annual visitors.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Methuen
    County
    Essex
    State
    Massachusetts
    Longitude
    -71.2004562
    Latitude
    42.7047856

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    FAQs

    What type of property is this?
    Retail property - Prime Essex County Shopping Center; High Traffic
    Where is this retail property located?
    The property is located at 178 Haverhill St Methuen, MA.
    What are key features of this property?
    This property features: Retail shopping center totaling 180,000 square feet.; Multiple tenancy with four suites.; 7,445 square feet of vacant space available, divisible into units ranging from 1,274 to 2,426 square feet.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    178 Haverhill St Methuen, MA 01844
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